ATLASState Street SPDR S&P Global Natural Resources ETF (GNR): outlook, holdings and fees
State Street SPDR S&P Global Natural Resources ETF (GNR) is an exchange-traded fund and is managed by State Street Investment Management. The expense ratio is 0.38% and the yield is 2.58%. The ten largest holdings are 36% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on GNR
| Last price | $74.97 (-0.6%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $73.43 – $77.29 |
| Normal 1-day range (±1σ) | ±0.9% |
| Distribution yield | 2.58% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
GNR fund facts
| Issuer | State Street Investment Management |
|---|---|
| Theme | Global equities |
| Assets under management | $5.2B |
| Expense ratio | 0.38% |
| Number of holdings | 49 |
| Portfolio turnover | 15% |
| Inception | Sep 13, 2010 |
| Exchange | NYSE |
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is comprised of 90 of the largest U.S. and foreign publicly-traded companies, based on market capitalization, in natural resources and commodities businesses that meet certain investability requirements.
GNR top holdings
| Holding | Sector | Weight |
|---|---|---|
| Shell plc SHEL | Energy | 5.32% |
| Exxon Mobil Corp XOM | Energy | 4.63% |
| Nutrien Ltd NTR | Basic Materials | 4.87% |
| BHP Group Ltd BHP | Basic Materials | 4.57% |
| TotalEnergies SE ADR TTE | Energy | 3.27% |
| UPM-Kymmene Oyj UPM | Basic Materials | 3.06% |
| Newmont Goldcorp Corp NEM | Basic Materials | 2.99% |
| Chevron Corp CVX | Energy | 2.65% |
| Freeport-McMoran Copper & Gold Inc FCX | Basic Materials | 2.50% |
| BP PLC BP | Energy | 2.14% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
GNR sector breakdown
| Sector | Weight |
|---|---|
| Basic Materials | 49.2% |
| Energy | 35.5% |
| Consumer Cyclicals | 7.5% |
| Consumer Defensive | 4.6% |
| Financial Services | 2.2% |
| Real Estate | 0.9% |
By region: North America 53.2%, Europe Developed 18.0%, United Kingdom 11.7%, Australasia 7.9%, Latin America 3.5%.
GNR returns and risk
| Year to date | +22.7% |
|---|---|
| 1 year | +33.2% |
| 3 years (annualised) | +14.2% |
| 5 years (annualised) | +11.2% |
| 10 years (annualised) | +10.5% |
| Volatility (3 years) | 15.6% |
| Sharpe ratio (3 years) | 0.59 |
Past returns do not guarantee future results.
GNR: frequently asked questions
What does GNR invest in?
State Street SPDR S&P Global Natural Resources ETF invests in a portfolio of securities. Its largest holdings are Shell plc (5.3%), Exxon Mobil Corp (4.6%), Nutrien Ltd (4.9%), BHP Group Ltd (4.6%), TotalEnergies SE ADR (3.3%).
What is the GNR expense ratio?
0.38% a year: about $38.00 for every $10,000 invested.
What is the GNR dividend yield?
2.58%. ATLAS does not hold the exact distribution dates for ETFs.
Will GNR go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $73.43 to $77.29 from $74.97 today. It is a probability, not a prediction.
How has GNR performed?
Year to date +22.7%, one year +33.2%, three years +14.2% a year, five years +11.2% a year. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer